Common use of Timing of Contributions Clause in Contracts

Timing of Contributions. The Plan Administrator shall pay all Before-Tax Contributions and After-Tax Contributions over to the Trust as soon as administratively possible, but no more than 15 business days after the month they are withheld from a Participant's Base Pay.

Appears in 2 contracts

Sources: Savings and Ownership Plan (Honeywell International Inc), Honeywell Puerto Rico Savings and Ownership Plan (Honeywell International Inc)